A Quote by Ludwig von Mises

Innovation is the whim of an elite before it becomes a need of the public.

Ludwig von Mises

Quote Topics

Becomes Before Elite Innovation Need Public Whim

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

All of the barriers to innovation in the energy sector are arguments for a big commitment to public investment. Only the public sector can make the kind of long-term, common investments that we need to overcome those barriers to innovation.

Ted Nordhaus

It is only the most elite of elite musicians whose unconventional approach becomes convention.

Steve Vai

Manet did not do the expected. He was a pioneer. He followed his individual whim. Told the public what he wanted it to know, not the time worn things the public already knew and thought it wanted to hear again. The public was very much offended.

Robert Henri

Rapid innovation is the cure for the ills we face, but because innovation is difficult and susceptible to failure, we might need to rethink the way we approach innovation and how we drive it through our companies.

Richard Owen

Unlike Marxism, the Leninist one-party state is not a philosophy. It is a mechanism for holding power. It works because it clearly defines who gets to be the elite - the political elite, the cultural elite, the financial elite.

Anne Applebaum

Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.

Peter Drucker

If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.

Ro Khanna

Once we admit that the public sector takes an immense amount of risk along the entire innovation chain, it becomes crucial to find ways to share both risks and rewards.

Mariana Mazzucato

Millions of public workers have become a kind of privileged new class - a new elite, who live better than their private sector counterparts. Public servants have become the public's masters. No wonder the public is upset.

Mortimer Zuckerman

We need innovation in education and dedication to the task before us.

Alan Autry

I think innovation as a discipline needs to go back and get rethought and revived. There are so many models to talk about innovation, there are so many typologies of innovation, and you have to find a good innovation metric that truly captures the innovation performance of a company.

Indra Nooyi

We need a smaller and elite military, as [Donald]Rumsfeld said - and also a smaller and elite foreign policy.

Ron Paul

Ultimately, the current argument is "not having net neutrality will hurt innovation," and you can make that argument, but I would rather make the public good argument, which is not just about innovation or nurturing new companies that will add to the nation's GDP, it's actually about creating a democratic public sphere.

Astra Taylor

At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs.

Frans van Houten

Golf in India is considered an elite sport. It is not possible for everyone to play in private courses. We need to give opportunities to all who want to play the sport. And for that, we need public golf courses.